Shib Coin soared 370% after Elon’s tweet however to complete the pattern Shib Coin might first fall to 0.00001 and then finally rise for a bigger flight.
The live SHIBA INU price today is $0.000031 USD with a 24-hour trading volume of $6,548,517,113. SHIBA INU is up 17.48% in the last 24 hours. The current CoinMarketCap ranking is #15, with a live market cap of $12,339,137,867.
Shib Coin: Technical
Once upon a time, there was a very special dog. That dog was a shiba inu, and this dog inspired millions of people around the world to invest money into tokens with the dog’s image on it. Yeah, that’s a story you probably heard before. shiba inu is a meme coin and calls itself the Dogecoin Killer.
The chart has turned interesting after Elon Musk’s Tweet making a cup shape. The Dogecoin once rose the same and it dropped as the trend faded and so will Shiba Coin considering its use case. The coin has a value and support area of around $0.00001. and once it does, it completes the Cup and Handle Pattern which can trigger the price rally up to 500% by the end of this year.